4819 W 93rd St - Auto Repair FOR SALE


Oak Lawn, IL 60453
$846,550 USD
312-548-6822
4819 W 93rd St, Oak Lawn, IL for Sale
$846,550 USD
Auto Repair - FOR SALE
1/8
null | 8% Cap Rate

4819 W 93rd St
Oak Lawn, IL 60453


HIGHLIGHTS

  • Long Term Lease
  • Attractive Rent Increases
  • Zero Management Responsibilities
  • Recently Renovated
  • High Traffic Counts
  • Strong Demographics

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to acquire a dark Strickland Brothers located at 4819 W 93rd Street in Oak Lawn, Illinois (the “Property”). The free-standing single tenant Strickland Brothers consists of a 1,814 square foot building on a 0.30-acre parcel of land. Strickland Brothers has 12+ years remaining on their Absolute NNN Lease. The lease calls for attractive 10% rent increases every 5 years throughout the primary lease term. Strickland Brothers has ceased operations at this location but will continue to pay base rent and maintain the premises at Tenant’s sole cost and expense for the remainder of their primary lease term (through 09/30/2038). 4819 W 93rd Street benefits from a highly visible location along Southwest Highway/93rd Street, adjacent to the signalized intersection with Cicero Avenue (IL Route 50), providing excellent exposure and accessibility. The property is less than 0.5 miles from Advocate Christ Medical Center, a 749-bed regional healthcare facility and major area employer, and 2 miles from Saint Xavier University, creating a substantial nearby employment and daytime population base. The surrounding area is further supported by established residential neighborhoods, Oak Lawn Community High School and other local schools, as well as a diverse mix of retail, dining, medical and service-oriented businesses. Convenient access to Cicero Avenue, 95th Street, Interstate 55, Interstate 57 and Interstate 294 provides connectivity throughout Oak Lawn and the broader Chicago metropolitan area. The combination of strong traffic exposure, proximity to major healthcare and employment centers, established residential density and excellent regional accessibility makes 4819 W 93rd Street a well-positioned commercial property within the Oak Lawn market.

FOR SALE DETAILS

PRICE

$846,550 USD

PRICE/SF

$460 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Strickland Brothers (Dark)

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,068 SF

ZONING

B1

APN/PARCEL ID

24-04-427-021-0000

ASK ABOUT THIS PROPERTY

Jack CollinsHorvath & TremblayMore Info
312-548-6822

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Jack CollinsHorvath & TremblayMore Info
312-548-6822

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.